ETH seems to be making bullish moves in Q3, reclaiming not one but two major resistance levels in under a week. Either the bears are front-running a rejection, or they’re underestimating the strength behind ETH’s impulse move. This is how standoff plays out could shape Ethereum projections for the week ahead.
Interestingly, Ethereum’s near 7% rally to $2,620 isn’t just another bounce. Instead, it’s a technical breakout from last week’s tight range below $2.4k. In total, ETH has surged nearly 23% in under twenty trading sessions. Typically, such extended consolidation phases act as springboards for sustained bullish moves.
But could a key divergence this time be the catalyst that proves the bears are leaning too hard into a narrative that no longer fits — One that could recalibrate Ethereum projections moving forward? Ethereum didn’t start July quietly. After a sharp 3.2% drop on the first day of the month, ETH snapped back with a 6.86% rally the very next day, triggering a classic short squeeze.
Flipping resistance into support is the first step toward reclaiming higher ground. With spot inflows ramping up, Ethereum projections appears firmly on track for its $3k target, and possibly beyond as Q3 unfolds. As of now, at the time of writing this article, ETH is being trade around $2,780 and has seen a jump of 5% in its price as well as its market cap remains at $335 Billion.